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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (757749)	2/20/2014 1:19:30 PM
From: RetiredNow	Read Replies (2) \| Respond to of 1574787

China's not a free market. They have free market zones, but there's little to no regulations on key areas. I believe in sound government including sound regulations. But I do not believe in government intervention in the financial markets. As far as China's financial markets, they are one massive manipulated engine, much worse than our own Federal Reserve. China is Communism with free market experimentation. Never forget that. Free markets as I prefer them simply don't exist in today's world. Until you have free markets in the financial markets, meaning free floating currencies, free floating interest rates, sound money policies by central banks including our own, and zero money printing, then free markets are not possible. Risk is simply misplaced when the central banks intervene as drastically as they have been doing. That means prices across the entire spectrum of the economy are simply not set by supply and demand. They are all misplaced, because the price of money is manipulated through quantitative easing and zero percent interest rate policy. So, no. Free markets as I prefer them simply don't exist anymore. The Keynesians have won and now free markets are extinct. We're all finding out why Russia, Venezuela, Argentina, Cube, and every other Socialist/Communist country has failed economically. We're now adopting their policies and we'll continue to pay the consequences for that. Give me Libertry and equal opportunity to fail or succeed. Don't give us equal pay. That's a fool's dream. There can be no exceptional success without freedom to fail. There can be no yin without the yang. Dems are living in a utopian dream that only exists in Heaven and is not replicable here on Earth.